CHISINAU: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CHISINAU
Largest movements
- Receivables within one year +€115,875
up €115,875 (+400.9%), from €28,904 to €144,778
of which Other amounts receivable: +€78,936
- Cash -€22,691
down €22,691 (-74.3%), from €30,559 to €7,868
mainly Receivables within one year (-€115,875) and Investment in fixed assets (net) (-€7,857)
- Tangible fixed assets -€2,311
down €2,311 (-6.1%), from €38,025 to €35,714
of which Furniture and vehicles: -€2,659
- Profit (loss) carried forward +€58,876
up €58,876 (+122.7%), from €47,983 to €106,860
- Trade debts +€31,691
up €31,691 (+399.2%), from €7,939 to €39,631
- Tax, wage and social debts +€7,544
up €7,544 (+59.7%), from €12,630 to €20,175
of which Remuneration and social security: +€8,419
- Other debts -€2,809
no longer reported in 2025 (was €2,809)
- Debts after one year -€2,765
down €2,765 (-15.7%), from €17,629 to €14,865
- Gross operating margin +€104,170
up €104,170 (+209.2%), from €49,804 to €153,973
- Taxes +€10,857
up €10,857 (+106.8%), from €10,164 to €21,021
- Depreciation +€4,322
up €4,322 (+73.9%), from €5,846 to €10,168
- Financial charges +€2,412
up €2,412 (+285.0%), from €846 to €3,258
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,487 | €189,288 | +€91,801 | +94.2% |
| Fixed assets | 21/28 | €38,025 | €35,714 | -€2,311 | -6.1% |
| Tangible fixed assets | 22/27 | €38,025 | €35,714 | -€2,311 | -6.1% |
| Plant, machinery and equipment | 23 | €528 | €876 | +€348 | +65.8% |
| Furniture and vehicles | 24 | €37,496 | €34,838 | -€2,659 | -7.1% |
| Current assets | 29/58 | €59,463 | €153,575 | +€94,112 | +158.3% |
| Amounts receivable within one year | 40/41 | €28,904 | €144,778 | +€115,875 | +400.9% |
| Trade receivables | 40 | €28,904 | €65,843 | +€36,939 | +127.8% |
| Other amounts receivable | 41 | - | €78,936 | +€78,936 | |
| Cash at bank and in hand | 54/58 | €30,559 | €7,868 | -€22,691 | -74.3% |
| Deferred charges and accrued income | 490/1 | - | €929 | +€929 | |
| Total equity and liabilities | 10/49 | €97,487 | €189,288 | +€91,801 | +94.2% |
| Equity | 10/15 | €48,583 | €107,360 | +€58,776 | +121.0% |
| Contributions | 10/11 | €600 | €500 | -€100 | -16.7% |
| Profit (loss) carried forward | 14 | €47,983 | €106,860 | +€58,876 | +122.7% |
| Amounts payable | 17/49 | €48,904 | €81,929 | +€33,025 | +67.5% |
| Amounts payable after more than one year | 17 | €17,629 | €14,865 | -€2,765 | -15.7% |
| Financial debts | 170/4 | €17,629 | €14,865 | -€2,765 | -15.7% |
| Amounts payable within one year | 42/48 | €31,275 | €67,064 | +€35,789 | +114.4% |
| Current portion of amounts payable after more than one year | 42 | €7,896 | €7,259 | -€637 | -8.1% |
| Trade debts | 44 | €7,939 | €39,631 | +€31,691 | +399.2% |
| Suppliers | 440/4 | €7,939 | €39,631 | +€31,691 | +399.2% |
| Taxes, remuneration and social security | 45 | €12,630 | €20,175 | +€7,544 | +59.7% |
| Taxes | 450/3 | €12,630 | €11,756 | -€874 | -6.9% |
| Remuneration and social security | 454/9 | - | €8,419 | +€8,419 | |
| Other amounts payable | 47/48 | €2,809 | - | -€2,809 | |
| Remuneration, social security and pensions | 62 | €292 | €550 | +€258 | +88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,846 | €10,168 | +€4,322 | +73.9% |
| Other operating charges | 640/8 | €1,345 | €1,467 | +€122 | +9.0% |
| Non-recurring operating charges | 66A | - | €58,637 | +€58,637 | |
| Gross operating margin | 9900 | €49,804 | €153,973 | +€104,170 | +209.2% |
| Operating profit (loss) | 9901 | €42,320 | €83,152 | +€40,832 | +96.5% |
| Financial income | 75/76B | €8 | €3 | -€5 | -59.0% |
| Recurring financial income | 75 | €8 | €3 | -€5 | -59.0% |
| Financial charges | 65/66B | €846 | €3,258 | +€2,412 | +285.0% |
| Recurring financial charges | 65 | €846 | €3,258 | +€2,412 | +285.0% |
| Profit (loss) for the period before taxes | 9903 | €41,482 | €79,898 | +€38,415 | +92.6% |
| Income taxes | 67/77 | €10,164 | €21,021 | +€10,857 | +106.8% |
| Profit (loss) for the period | 9904 | €31,318 | €58,876 | +€27,558 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,318 | €58,876 | +€27,558 | +88.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.